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Month: October 2010

Good Neighbor Next Door Program – Colorado Springs

By in Buying

Many Colorado Springs Residents are not aware of the Good Neighbor Next Door Program offered through the Department of Housing and Urban Development (HUD).  Buyers that qualify for the program include full-time teachers, firefighters, police officers, and EMTs. Buyers can choose from HUD homes (FHA insured foreclosures) in specific areas of Colorado Springs that are considered revitalization areas.  Qualified […]

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Fannie Mae and Freddie Mac Foreclosure Properties

By in Buying

Buyers who intend to occupy a home as their principal residence, have an advantage over investors when it comes to purchasing a Fannie Mae or Freddie Mac foreclosure property.  Investors still have to wait 15 days before submitting an offer, but these types of foreclosures may be a good option for investors if the property […]

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Foreclosure moratorium may impact investors in Colorado Springs

By in Investors

Major banks including Bank of America, GMAC, and JP Morgan Chase are halting foreclosures to investigate if homes were properly foreclosed upon since issues have arisen from incorrect paperwork being filed and from concern regarding the entity actually foreclosing on many properties (MERS (Mortgage Electronic Registration Systems)).   Bank of America is temporarily freezing foreclosures in 23 states. Investors who […]

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Affordable Home Ownership – Rocky Mountain Community Land Trust

By in Buying

Rocky Mountain Community Land Trust (RMCLT) is a non-profit organization located in Colorado Springs to help make the American dream a reality for people who could not otherwise own a home.  Properties include single family homes, townhomes, and condos in various areas of Colorado Springs and El Paso County. Income limitations for this affordable housing […]

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